Problemyou purchased 1300 shares of lkl stock 5 years ago, Ask an Expert

Accounting

Problem:

You purchased 1,300 shares of LKL stock 5 years ago and have earned annual returns of 7.1 percent, 11.2 percent, 3.6 percent, -4.7 percent and 11.8 percent.

Required:

Question: What is your arithmetic average return?

6.47 percent
4.47 percent
6.23 percent
6.98 percent
5.80 percent

Note: Solve the problem and show all work.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173510

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